J.N. CAB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
J.N. CAB
Largest movements
- Receivables within one year -€14,323
down €14,323 (-38.3%), from €37,439 to €23,117
of which Trade receivables: -€15,235
- Tangible fixed assets -€8,559
down €8,559 (-37.0%), from €23,119 to €14,560
- Cash +€6,261
up €6,261 (+61.0%), from €10,262 to €16,523
mainly Receivables within one year (+€14,323) and Depreciation (+€8,559)
- Trade debts -€12,319
down €12,319 (-87.5%), from €14,072 to €1,753
- Debts after one year -€5,258
no longer reported in 2025 (was €5,258)
- Profit (loss) carried forward +€2,053
up €2,053 (+8.2%), from €24,921 to €26,974
- Current portion of long-term debt -€923
down €923 (-15.1%), from €6,120 to €5,197
- Gross operating margin -€5,748
down €5,748 (-33.0%), from €17,416 to €11,667
- Financial charges -€5,103
down €5,103 (-91.8%), from €5,560 to €458
- Other operating charges +€1,114
up €1,114 (+181%), from €614 to €1,728
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,821 | €54,375 | -€16,446 | -23.2% |
| Fixed assets | 21/28 | €23,119 | €14,560 | -€8,559 | -37.0% |
| Tangible fixed assets | 22/27 | €23,119 | €14,560 | -€8,559 | -37.0% |
| Furniture and vehicles | 24 | €23,119 | €14,560 | -€8,559 | -37.0% |
| Current assets | 29/58 | €47,701 | €39,815 | -€7,887 | -16.5% |
| Amounts receivable within one year | 40/41 | €37,439 | €23,117 | -€14,323 | -38.3% |
| Trade receivables | 40 | €16,181 | €946 | -€15,235 | -94.2% |
| Other amounts receivable | 41 | €21,258 | €22,170 | +€912 | +4.3% |
| Cash at bank and in hand | 54/58 | €10,262 | €16,523 | +€6,261 | +61.0% |
| Deferred charges and accrued income | 490/1 | - | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €70,821 | €54,375 | -€16,446 | -23.2% |
| Equity | 10/15 | €45,372 | €47,425 | +€2,053 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,921 | €26,974 | +€2,053 | +8.2% |
| Amounts payable | 17/49 | €25,449 | €6,950 | -€18,499 | -72.7% |
| Amounts payable after more than one year | 17 | €5,258 | - | -€5,258 | |
| Financial debts | 170/4 | €5,258 | - | -€5,258 | |
| Amounts payable within one year | 42/48 | €20,192 | €6,950 | -€13,242 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €6,120 | €5,197 | -€923 | -15.1% |
| Trade debts | 44 | €14,072 | €1,753 | -€12,319 | -87.5% |
| Suppliers | 440/4 | €14,072 | €1,753 | -€12,319 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,644 | €8,559 | -€85 | -1.0% |
| Other operating charges | 640/8 | €614 | €1,728 | +€1,114 | +181% |
| Gross operating margin | 9900 | €17,416 | €11,667 | -€5,748 | -33.0% |
| Operating profit (loss) | 9901 | €8,157 | €1,380 | -€6,777 | -83.1% |
| Financial income | 75/76B | €1,179 | €1,132 | -€47 | -4.0% |
| Recurring financial income | 75 | €1,179 | €1,132 | -€47 | -4.0% |
| Financial charges | 65/66B | €5,560 | €458 | -€5,103 | -91.8% |
| Recurring financial charges | 65 | €5,560 | €458 | -€5,103 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €3,775 | €2,053 | -€1,722 | -45.6% |
| Profit (loss) for the period | 9904 | €3,775 | €2,053 | -€1,722 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,775 | €2,053 | -€1,722 | -45.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.